He must be watching private planes and got his own private flight to Marthas Vineyard. It wasnt affordable for me and you and the taxpayer. Varney company is about to begin. You know throughout history, folks have suffered from frequent heartburn. Butetting heartburn and then treating day after day is a thing of the past. Block the acid with prilosec otc, and dont get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. Zero heartburn. Charles well the first dog gets first class treatment. President obamas dog bo flown to Marthas Vineyard over the weaken. Joining first family on Summer Vacation t was flown in marine osprey aircraft. This was separate flight. This vacation already costing taxpayers big bucks. The president reserving 70 rooms for his staff each costing more than 300 a night. Liz, a lot of people shaking their heads on this one. Yeah they are. The airport couldnt take the big boeing 747, whatever the plane president flies in. That is so besides
These people turn to washington and try to see the Federal Reserve whether or not they would begin to taper the bond buying. We will get to some movers in a moment, couple of things, the 10year, and gold just spiked moments ago up 26. Keep an eye on gold. I wanted to take a look at walmart and cisco with two down components. Cisco systems carbon 5 of their global workforce. Back to you. Ashley thank you very much. Lori a reflection of the cpi, shows a little inflation in the system. Lets talk about the data they lose. The latest reading on the fed installment is the and Atlantic Region slow down more than expected in august. The news isnt much better in the new york area. Edging up 0. 2 in line with estimates. A bit of good news. Initial jobless claims fell more than expected to be lowest level in six years, so the best levels since the end of the recession. Does that mean a september tapering is more likely . Wells fargo senior economist. We have a stock selloff and a bond selling off
Story is the moves by the fed saying they will not keeper moves, the markets to record highs after the dow and diaz and the alltime record highs and the nasdaq on highs we have not seen in 13 years. The market has been meeting beautifully and gold is out there. And other Economic News jobless can lames better than expected but they did rise week over a week and some computer glitches the revealing with and home sales and watch the move to a 6 year high and keeping a close eye on disney as it was cut over at Morgan Stanley to an equally overweight and disney pushed back a few films they plan on releasing as well. Lori species easy money they keep pumping into the system as inflation concerns on the rise of gold is jumping 5 , will it rally, would be shortlived . Sandra smith has the trade from the pits of the cme. Sandra bowlen sale, fires around the globe scooping up the precious metal because u. S. Dollars are so cheap. A more money the fed brings the more bond buying they do, currenc
Lori nice rally underway. Good afternoon, everyone. I am lori rothman. Melissa i am melissa francis. It has been 1351 days since the senate last passed a budget despite the law. They must pass a budget every year. Lori speaking of cash, treasury, budget him a new is jack lu . A man who is likely to be dominated the next treasury secretary. Melissa it is no secret that Congress Even the cardassians. Lori cannot wait to hear the results of that. Lets check on the market. It has been 15 minutes since we last checked with Nicole Petallides. Nicole there are nice gains. We have come off of our earlier highs. Still, the Dow Jones Industrials up about 55 points here on wall street. The u. S. Dollar also with an up arrow. Commodities are pulling back. Lets take a look at herbalife. A name that has certainly been in the news since the middle of december. We sell the stock shooting up. This is an 8. 2 stake. What you see is that pushing the stock to really jumping. We will continue to follow thi
We head into a new week on the money. The stock market market rally keeps powering forward and the major indeesices are hat fivey highs. The markets have been powered by so much money on the sidelines new money coming so the market at the beginning of the year as well as encouraging Economic News and just a lack of bad news when it comes to earnings. Stocks kept on climbing on friday. Lots of earnings news for big Financial Companies this week. Goldman sachs blew past expectations. Bank of america finished ahead of predictions, so did morgan stanley. Jpmorgan chase beat expectations but cut ceo jamie dimons composition in half to 11 million because of the socalled london well trade which cost the bank 6 billion. Retail sales were up more than expected in december, up half a percent. They ignored worries about higher taxes. Consumption makes up 70 of the u. S. Economic growth. The debt ceiling debate, president ial report card and quiet market rally. What does it mean for you money . Jo